Chinese AI Firm SenseTime Cuts Back on Singapore Office Space
- Once high-flyer is moving to smaller office as business slows
- SenseTime is scaling back as other Chinese tech firms expand
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SenseTime Group Inc. is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time it’s struggling to compete in the post-ChatGPT era.
The Chinese AI pioneer is moving from a prime downtown location to a smaller office in a less expensive neighborhood, people familiar with the matter said. The company is giving up a roughly 11,000 square foot (1,022 square meter) space in Frasers Tower for a less central building, the people said, asking to remain unidentified discussing private decisions.